Retail warehouse rents fell by more than any other property asset class in the quarter.

Shares in the retail warehouse owner have fallen 76 per cent this year.

Layaways remain at the distribution center during the layaway period instead of taking up valuable retail warehouse space.

City office values fell by 14.1 per cent and retail warehouses were down by 10.2 per cent.

It has 21.5 per cent of its portfolio in retail warehouses, a hot area because of the success of online shopping.